The largest county retirement system in the US has approved a $300 million allocation to three managers as part of a new real estate investment plan that is expected to increase its allocation to 9.6 percent.
2 min read · 18 January 2013
The C$153.2 billion Canadian pension plan saw its real estate assets under management grow 0.9% to 8.2% of total assets in the last quarter alone, thanks to something of a investing spree.
2 min read · 18 January 2013
Joseph Cari, a lawyer and former director at Healthpoint Capital Partners, pleaded guilty to aiding a plot to demand a $850,000 kickback from JER Partners, which sought an $85 million commitment from the Illinois Teachers Retirement System.
2 min read · 18 January 2013
Australia’s Future Fund reported an increase in its real estate, private equity and infrastructure holdings in the three months to 30 June. Its overall return for the quarter however slid 3.3 percent to 0.6 percent, excluding its holding in Telstra, the Australian telecommunications company.
2 min read · 18 January 2013
Six months after determining it would commit up to $1.2 billion of equity commitments to real estate value-added and opportunity funds, Korea’s largest institutional investor has made four commitments to managers deploying strategies in North and South America.
2 min read · 18 January 2013
The Boston-based private equity real estate firm has announced the final closing of its Alcion Real Estate Fund II on almost $500m of commitments, surpassing its $400m initial target.
2 min read · 18 January 2013
The preeminent sovereign wealth fund of China revealed in its 2010 annual review it had ‘essentially fully invested’ its initial $200bn of state equity culminating in increased investments in real estate among other alternative asset classes.
2 min read · 18 January 2013
In its annual report for the year 2010/2011, the Government of Singapore Investment Corporation said its exposure to real estate had increased from 9 percent to 10 percent over the year, nudging the sovereign wealth fund’s alternative assets up 1 percent to 26 percent of total assets.
2 min read · 18 January 2013
AXA Real Estate Investment Managers has brokered a club deal to acquire six Accor-operated hotels in Europe — four in Paris and two in Belgium.
1 min read · 18 January 2013
The largest US pension fund revealed yesterday that its opportunistic investments were largely at fault for its real estate portfolio underperforming its blended benchmark by 10 percent. CalPERS nonetheless produced its first positive annual return since 2007.
2 min read · 18 January 2013
